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There is, however the question that I would ask is why the decision to start dismantling things would end at the euro. European integration is a project carried forward by momentum, e.g. Monnet's bicycle. Unless you keep moving forward, you fall off. Moreover, forcing Germany out of the euro does nothing to solve the underlying divergence between the core and periphery.  It simply provides a mechanism to close the gap which is not without cost.  Devaluation forces up the cost of imported goods.  This is equally true of inputs, fuel and other natural resources, as well as finished products.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Mon Apr 9th, 2012 at 02:18:32 PM EST
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